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Sure, Forex trading is a complete gamble and very much like gambling. What's worse is that the odds are stacked very much against you. Regarding Forex trading as a gambling activity is a very healthy way of looking at the Forex Market. The Forex market is very random -- especially in the short term. What stacks the odds against you are factors like. The brokers cut -- no matter what size transaction you normally trade the brokers cut stacks to odds heavily in your favour. Geared accounts cause traders to go for minute movements in the market -- a sure way or staking the odds against you Lack of information -- The retail trader has no visibility of order volumes and true volume flow Forex trader education -- Focused of technical analysis, teaches small stops, focus on system compliance and discipline The Forex trader -- incorrectly and poorly educated, believes that technical analysis is forex trading, has 100 of psychological issues, greedy, lazy, impatient, focused on inappropriate activities, etc. The Forex market -- marketers have realised that the only thing that sells is sensation and raised expectations -- There is a lot of marginal products out there. These are the main ones. The average Forex trader has no chance whatsoever. So -- is there hope? I have been where you are and I know there is hope. Here's what I suggest. Don't go near a computer for a while. Take yourself off to a coffee shop or a nice place at the sea. Clear your mind and start again. Undertake to listen to the Forex market for ways she wants you to trade it. Yes, she will tell you if you have an open mind and listen. You see we are so busy fighting the Forex market and forcing our own systems on it that we very seldom take the time to learn the way she wants to be traded. She does not like you using the same method every day without taking her mood into account. Somedays she likes you using a particular method and other day she is in a different mood and needs a different approach. And, yes there are days you should stay out of her way completely. Make friends with her and be sensitive to what she is telling you. Don't pay attention to what other are telling you about her and what she likes at all. Develop your own personal relationship with her. When you get to know her well you will notice certain of her habits that repeat themselves. The more you notice the more you will notice. She will reveal more and more the better your relationship develops. You may even experience some special hidden secrets. Don't let anybody or the latest system come between the two of you. This is all happening because you are paying attention to her needs and not yours. You will find things like -- channel trading works quite well because she likes moving in waves -- sideways, upwards and downwards. Suddenly other patterns will become obvious. There are times of days when she get very excited and special times when she has her highs and lows. You may find that she get tempremental when receiving news or a series of news events. There are times when she sleeps and let her. That's partially what I had in mind in the blog posting on developing you psychic and intuitive abilities. When you use these approaches you just know what will happen next because you know the market so dam well. The posting mentions a few methods you can use to accelerate this. Only once you know her very well should you think of using technical analysis, risk management and money management. When you do you will suddenly realise there are a number of ways to use technical analysis in the Forex. Someone when the conditions are favourable and other on a more continuous basis. In the end you must view Forex trading as the money making business (not as a technical analysis system). Do a business plan that involves all the areas you may have neglected. Consider new approaches to money management, new approaches to risk management and especially new ways of trading the market. This way you will start stacking the odds in your favour and although Forex is a complete gamble you will feel quite comfortable gambling because you have a personal relationship with the market. Not one that you bought but one that is personally developed . You will know the probabilities and odds of most price movements happening. This alone will give you ample opportunity to stack the odds in you favour and win when gambling. So you are right - it is all about probabilities, stacking the odds in you favour, betting the right amounts at the right tim and knowing the game you are using for your gambling intimately. Most successful Forex traders I know have a personal relationship with the market. Hopefully this answers you question and give you some guidance -- let me know if you need further input. For more information please visit: http://expert-4x.com/is-forex-trading-like-gambling-is-it-a-game-of-luck or http://tinyurl.com/forexgambling or http://expert-4x.com/